Malaysia (MYS) and Turkmenistan (TKM) Trade | The Observatory of Economic Complexity

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Malaysia-Turkmenistan Trade: In 2022, Malaysia exported $13.7M to Turkmenistan. The main products that Malaysia exported to Turkmenistan were Coffee and Tea Extracts ($5.68M), Palm Oil ($715k), and Other Vegetable Oils ($669k). Over the past 5 years the exports of Malaysia to Turkmenistan have increased at an annualized rate of 77.2%, from $786k in 2017 to $13.7M in 2022.

In 2022, Malaysia did not export any services to Turkmenistan.

Turkmenistan-Malaysia Trade: In 2022, Turkmenistan exported $2.69M to Malaysia. The main products that Turkmenistan exported to Malaysia were Oscilloscopes ($72.6k), Carbon ($21.5k), and Non-Knit Men's Suits ($2.76k). Over the past 5 years the exports of Turkmenistan to Malaysia have increased at an annualized rate of 99.2%, from $85.8k in 2017 to $2.69M in 2022.

In 2022, Turkmenistan did not export any services to Malaysia.

Comparison: In 2022, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B). That same year, Turkmenistan ranked 90 in the Economic Complexity Index (ECI -0.56), and 95 in total exports ($12.5B).

Latest Trends

March, 2024

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Overview In March 2024, Malaysia exported MYR6.95M and imported MYR907 from Turkmenistan, resulting in a positive trade balance of MYR6.95M. Between March 2023 and March 2024 the exports of Malaysia have increased by MYR3.78M (119%) from MYR3.17M to MYR6.95M, while imports decreased by MYR-10.9k (-92.3%) from MYR11.8k to MYR907.

Trade In March 2024, the top exports of Malaysia to Turkmenistan were Palm Oil (MYR1.58M), Coffee and Tea Extracts (MYR1.27M), Iron Pipes (MYR1.12M), Coconut Oil (MYR322k), and Commodities not elsewhere specified (MYR2.77k). In March 2024 the top imports of Malaysia from Turkmenistan were Commodities not elsewhere specified (MYR20.6k), Other Measuring Instruments (MYR8.45k), Valves (MYR6.76k), and Flexible Metal Tubing (MYR5.91k).

Growth In March 2024, the increase in Malaysia's year-by-year exports to Turkmenistan was explained primarily by an increase in product exports in . In March 2024, the decrease in Malaysia's year-by-year imports from Turkmenistan was explained primarily by an decrease in product imports in Commodities not elsewhere specified (MYR-9.71k or -32%).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Malaysia exported $13.7M to Turkmenistan. The main products exported from Malaysia to Turkmenistan were Coffee and Tea Extracts ($5.68M), Palm Oil ($715k), and Other Vegetable Oils ($669k). During the last 5 years the exports of Malaysia to Turkmenistan have increased at an annualized rate of 77.2%, from $786k in 2017 to $13.7M in 2022.

In 2017, Turkmenistan exported $2.69M to Malaysia. The main products exported from Turkmenistan to Malaysia were Oscilloscopes ($72.6k), Carbon ($21.5k), and Non-Knit Men's Suits ($2.76k). During the last 22 years the exports of Turkmenistan to Malaysia have increased at an annualized rate of 99.2%, from $85.8k in 1995 to $2.69M in 2017.

Exports from Malaysia () to Turkmenistan () (2022)

Exports from Turkmenistan () to Malaysia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Malaysia
Top DestinationSingapore$53.8B

Turkmenistan
Top DestinationChina$8.88B

This map shows whether countries import more from Malaysia or Turkmenistan. Each country is colored based on the difference in imports they receive from Malaysia and Turkmenistan or the difference in the growth in imports.

In 2022, countries that imported more from Malaysia than Turkmenistan included Singapore ($53.8B), United States ($44.2B), and China ($48.5B).

In 2022, countries that imported more from Turkmenistan than Malaysia included Uzbekistan ($664M), Azerbaijan ($460M), and Georgia ($168M).

Difference in imports from Turkmenistan () and Malaysia () (2022)

Comparative Advantage Malaysia - Turkmenistan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Malaysia and Turkmenistan by product, considering products traded by both, Malaysia and Turkmenistan.

During 2022, Malaysia had a large net trade with Turkmenistan in the exports of Foodstuffs ($5.89M), Animal and Vegetable Bi-Products ($1.82M), and Chemical Products ($334k).

During 2017, Turkmenistan had a large net trade with Malaysia in the exports of Instruments ($74.3k), Chemical Products ($23.2k), and Machines ($8.35k).

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Malaysia and Turkmenistan. This means that a dot/product with the flag of Malaysia indicates it has a comparative advantage over Turkmenistan. Similarly, a dot/product with the flag of Turkmenistan indicates it has a comparative advantage over Malaysia.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Malaysia () to Turkmenistan () (2022)

Exports from Turkmenistan () to Malaysia () (2022)

Market Competitiveness

Difference in imports from Turkmenistan () and Malaysia () (2022)

Comparative Advantage Malaysia - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of Malaysia () and Turkmenistan () (2022)

About

Latest Trends

About

Latest Trade

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Historical Data

Bilateral Trade by Products

Exports from Malaysia () to Turkmenistan () (2022)

Exports from Turkmenistan () to Malaysia () (2022)

Market Competitiveness

Difference in imports from Turkmenistan () and Malaysia () (2022)

Comparative Advantage Malaysia - Turkmenistan

Economic Complexity

Competitive Landscape

Product Space of Malaysia () and Turkmenistan () (2022)

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